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Posted: 12/13/2013 8:03:52 PM EST
If a diamond wedding ring appraises for around $4400, what is it really worth?

Is it worth more as loose stones and scrap white gold? Should I just trade it for guns?

Decisions, decisions...
Link Posted: 12/13/2013 8:04:21 PM EST
You might get $1k out of it.
Link Posted: 12/13/2013 8:07:24 PM EST
I got just over half of what mine appraised for and mine appraised for $7500 FWIW.
Link Posted: 12/13/2013 8:07:58 PM EST
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Originally Posted By ElectricSheep556:
You might get $1k out of it.
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That is kinda what I was thinking. You'd think these things would be hard to come by, what with divorce as rare as it is nowadays.
Link Posted: 12/13/2013 8:09:00 PM EST
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Originally Posted By KimberTLE45:
I got just over half of what mine appraised for and mine appraised for $7500 FWIW.
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Craigslist? Consignment shop? Do tell...
Link Posted: 12/13/2013 8:10:09 PM EST
Link Posted: 12/13/2013 8:11:24 PM EST
Gold weight and stones can be your last minute choice, but I sold my ex fiancés on eBay after I got the appraisal, after eBay took their share and everything, I think I lost about 35% of the original value.
Link Posted: 12/13/2013 8:11:55 PM EST
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Originally Posted By thebeekeeper1:
Diamonds are the biggest <legal> scam there is. There is virtually NO secondary market. I know of a ring appraised at $3400 (15+ years ago) that was sold to a pawn shop for $100, then sold by the pawn shop for $700. Sucks to be the first sucker.
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Oh well, it wasn't fun while it lasted!
Link Posted: 12/13/2013 8:14:03 PM EST
This thread reminds me of when my soon to be ex gave her 5500 dollar engagement ring to her sister to pawn for rent after she decided to divorce me and her sister got 200 bucks for it at the pawn shop. That was 20 years ago and i'm still pissed.

Link Posted: 12/13/2013 8:14:54 PM EST
Without seeing it or weighing it, I would say 1000 to 1200 if you sell it yourself, which I recommend to my customers. The ones who don't take my advice and sell it to me get about 12 bucks a gram for 14k, 9 bucks a gram for 10k.
Link Posted: 12/13/2013 8:15:59 PM EST
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Originally Posted By thebeekeeper1:
Diamonds are the biggest <legal> scam there is. There is virtually NO secondary market. I know of a ring appraised at $3400 (15+ years ago) that was sold to a pawn shop for $100, then sold by the pawn shop for $700. Sucks to be the first sucker.
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This man speaks the truth, I pay gold weight and don't even conciser the stones.
Link Posted: 12/13/2013 8:17:38 PM EST
The only real answer is what you could sell it for.

That is somewhere between 1/2 and 1/10 of what it sold for originally.

The gold melt value is pretty constant.

The diamond value is quite variable.

But the diamond value is never going to be more than 1/2 of what it cost at the store and more likely 1/5 what it cost.

Diamonds are a scam, pure and simple. They aren't an 'investment'.

You'll rarely if ever get an even return on the money spent on a diamond.
Link Posted: 12/13/2013 8:17:38 PM EST
Link Posted: 12/13/2013 8:20:27 PM EST
I got about half of what I paid for the De Beers engagement ring I bought...
Link Posted: 12/13/2013 8:21:42 PM EST
My wife of 21 years lost the stone in her original engagement ring this October. It was about 1/8 carat stone. All I could afford at the time.

I spent some time looking for a replacement now that we could afford something nicer. I really didn't want to spend $4000. So I prowled the estate cases at the local jewelry stores. Which I kind of had to do since apparently yellow gold bands aren't in style anymore.

I wound up paying less than $1000 for a rather nice 3/4 carat ring, which would have been about a $4000 ring if I had bought it new.

I gave it to her as a surprise birthday gift in November. Wife loves it, BTW.

So it looks like they're worth about 1/4 of whatever they appraise at.
Link Posted: 12/13/2013 8:22:01 PM EST
Many places don't even consider the stone unless it is over 1/2ct, at least in my experience. Best bet is to do a private party sale.
Link Posted: 12/13/2013 8:26:25 PM EST
[Last Edit: 12/13/2013 8:31:34 PM EST by Beachhead0]
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Originally Posted By ElectricSheep556:
You might get $1k out of it.
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agreed

You could try selling it here http://www.idonowidont.com/home
Link Posted: 12/13/2013 8:30:24 PM EST
Originally Posted By Octopus5alive:
If a diamond wedding ring appraises for around $4400, what is it really worth?

Is it worth more as loose stones and scrap white gold? Should I just trade it for guns?

Decisions, decisions...
View Quote

Decent appraisal is about twice actual worth. In this market, you will be lucky to sell it for 1000
It is not worth scrapping it, if the ring is traditional, people are looking for bargains.
If you can squeak some guns out of it privately, Id push that route at 3K in guns if you can...
Link Posted: 12/13/2013 8:31:01 PM EST
So why don't more people go for "vintage" instead of buying new as a scam?
Link Posted: 12/13/2013 8:35:12 PM EST
Link Posted: 12/13/2013 8:36:06 PM EST
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Originally Posted By thebeekeeper1:

MANY women (the ones you will later divorce) won't accept a "used" diamond. There is virtually no way for them to wear or otherwise deteriorate, and virtually all gold used in jewelry has been used prior, but as I said, many women will not accept a used diamond. This kills any possible secondary market.

Which is good news for the smart and savvy ones who WILL accept used--as they are cheap.
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Originally Posted By thebeekeeper1:
Originally Posted By Luchs:
So why don't more people go for "vintage" instead of buying new as a scam?

MANY women (the ones you will later divorce) won't accept a "used" diamond. There is virtually no way for them to wear or otherwise deteriorate, and virtually all gold used in jewelry has been used prior, but as I said, many women will not accept a used diamond. This kills any possible secondary market.

Which is good news for the smart and savvy ones who WILL accept used--as they are cheap.


If they're that superficial, then they're a shallow princess who isn't worth marrying and will bring misery with their demands, IMO.
Link Posted: 12/13/2013 8:57:11 PM EST
Bought my wife's ring from cl for $700 1ct solitaire si. I have all the paper work $2400.
Link Posted: 12/13/2013 9:05:08 PM EST
Not worth much.

Diamonds are forever, and there are giant vaults full of them.
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